IQ Option Review India 2020: Is it Safe or Scam?
- A vast variety of options
- Helpful educational programs
- User-friendly interface
Based on a thorough investigation, as well as numerous reviews, IQ Option has been ranked as one of the few trading platforms to have stood the test of time. Users are able to trade instruments such as Cryptocurrencies, Forex and even invest in the stock market.
As a matter of fact, IQ Option is a legitimate broker and is widely recognized as one of the most esteemed and trustworthy companies in the industry. It is an award-winning platform, providing proof that it is a safe and high-quality broker.
As a result, IQ Option is highly recommended for traders of all ages and experiences.
What is IQ Option? – Company Overview
IQ Option is a digital trading outfit thoughtfully designed to help customers trade a range of assets, as well as financial instruments. These include, but aren’t limited to: Stocks, Cryptocurrencies, Forex, and, of course, Binary Options.
The platform was founded in 2013 and was handled by IQ Option Ltd. Since then, it has become one of the leading online trading platforms. To support that claim, a 2020 statistic shows that the number of transactions made in a single day reaches 1.338.793.
In addition, the average amount of money withdrawn by traders per month experienced a significant increase in the last few years. In 2014, users withdrew an average of $134.580 per month. Impressive, right? What’s more impressive is the fact that that number grew to over $20 million withdrawn by traders per month in 2020.
Even just one year after the launch, the platform had reached an impressive number of users – 965.650 in 2014. However, it showed no signs of stopping, as the number of registered users continued to grow until it reached a new high – 14.514.300 registered users in 2016.
At the moment, the platform boasts a whopping number of registered users – over 48 million! Taking these statistics into account, it is apparent that the platform keeps growing and attracting more users by the minute. This serves as a testament to IQ Option’s quality of service
|Organization||IQ Options Ltd|
Reg. Number - 094224
|Demo account||Yes, Unlimited|
|Year of Inception.||2013|
|Compatibility||Android, Mac OS, Windows, iOS|
|Platform type||Self - Developed|
|Regulation||Bafin British FCA (EEA Authorized – Reference number 670182), Consob, and CNMV|
|Cryptocurrency available||Bitcoin, Litecoin, Ethereum, Monero, Ripple, ZCash|
|Minimum investment value||$1|
Pros & Cons
- A vast variety of options
- Helpful educational programs
- User-friendly interface
- Regulated by the CYSEC
- Free Demo account
- Payout ratio of up to 90%
- Transparent broker
- Minimum investment of 10$
- The IQ Option platform has some bugs
- Responds slowly to commands
- Traders from Iran, Sudan, Syria, Israel, Canada, Japan, and the USA are not authorized.
What makes IQ Option special?
As previously mentioned, IQ Option is a professional online trading platform where you can begin your journey as a trader. As opposed to some other trading outfits, IQ Option is not only reliable, but it is also exciting and packed with excellent features including a free trading demo account. The platform has been so thoughtfully designed in a way that you can practice trading at your own pace, and invest actual funds later on when you feel ready.
The platform’s interface features a range of graphical tools, as well as technical analysis indicators to enable you to take the right steps while trading. IQ Option is unique, especially for its transparency and security.
You might also find the platform to be very easy to navigate because all trade lines, indicators, and buttons are strategically placed to enable you to trade seamlessly. Year after year, IQ Option records a fast, rapidly growing number of registered users as well as transactions.
IQ Option is special, not only because it functions as a trading platform, but also as an educational platform. The platform itself provides you with video tutorials, as well as educational emails from which you can learn how to trade successfully.
Its mobile platform is unique, user-friendly and thoroughly secure. With IQ Option, you can safely carry out transactions (deposits as well as withdrawals) directly through the application.
There are various reasons for which you should choose IQ Option, especially since it is home to over 40 million traders worldwide.
What does IQ Option offer?
The IQ Option platform is well-rounded, offering its users various alternatives to trade with. Even though it started as a binary options broker, with IQ Option’s everlasting expansion, the platform now offers its users to trade ETFs, Forex, CFDs on stocks, Cryptocurrencies, in addition to numerous digital options.
The importance of cryptocurrencies does not evade IQ Option. As a result, the platform allows users to trade 12 most famous cryptocurrencies, such as Bitcoin, Ethereum, Monero, Litecoin, Ripple, Omisego, IOTA, Zcash, and Dash.
- Exchange-Traded Funds (ETFs)
By its definition, an ETF is a basket of securities that you can either buy or sell through a broker. They can be stocks, bonds, commodities, or even a combination.
IQ Option lets you choose from over 4.000 ETFs to trade with.
For those of you who may not know, Forex represents the foreign exchange market. The platform allows its customers to trade in 188 currency pairs. Forex is one of the most common trading markets. As a result, IQ Option has made it easy for users to make their predictions on various foreign currencies.
If Forex seems like the right kind of market for you, take note of the most frequently traded forex pairs in the world:
- EUR/USD(euro/US dollar)
- USD/JPY (US dollar/Japanese yen)
- GBP/USD(British pound/US dollar)
- AUD/USD(Australian dollar/US dollar)
- USD/CAD (US dollar/Canadian dollar)
- USD/CNY (US dollar/Chinese renminbi)
- USD/CHF (US dollar/Swiss franc)
- Contracts for Difference (CFDs) on stocks
CFD trading allows you to speculate on the rising or falling prices of numerous financial instruments. On IQ Option, you can do this with over 176 companies, including NYSE and NASDAQ.
In addition to everything above, the platform also allows its users to predict prices of various assets, such as stocks, commodities, currencies, etc. In fact, the platform serves as a gateway to over 10 million options.
Open a free demo account with IQ Option now!
No experience in trading? No worries! IQ Option offers a completely free demo account.
A demo account is perfect for beginners in trading, as well as those unfamiliar with the platform. Don’t worry about missing out, as the demo account is equipped with all the features of a real account.
In other words, you can trade in real-time with real values, track your progress, and launch your trading career off the ground – without the fear of losing your money.
Get your $10.000 and start trading now by clicking on this link.
Is IQ Option a Scam or Trustworthy and Safe?
Since the complete inception of IQ Option in 2013, they have developed and maintained a fast-growing trading platform in the industry. On top of that, they are one of the most common preference platforms for traders of any level of experience.
Interestingly, the number of traders actively involved in the IQ option platform experiences a massive increase year after year, and the brand keeps growing. In 2018, the platform recorded more than 41 million newly registered traders.
IQ Option doesn’t operate on a customary standard system platform. Rather, it runs on a proprietary custom-built platform that appreciates the needs of its users. As a result, users will find it easy to navigate through the platform’s interface.
Within the trading platform, traders are allowed the option to trade a variety of financial options and instruments such as binary options, stocks, digital options, cryptocurrency, and other commodities.
From all indications, IQ Option is a trusted broker with a long-lasting history. So far, there are no allegations of a proposed scam or anything suspicious. The platform runs a fully regulated system.
Additionally, the platform has sustained a reasonably stable and high conversion to its domain: eu.iqoption.com and IQoption.com. This is to signify that traders are satisfied with every one of the services provided on the platform. With a duly registered certification from several European regulators like Bafin British FCA (EEA Authorized – Reference number 670182), Consob, and CNMV, it is almost impossible to conclude the platform as a scam.
Simply put, IQ Option is a highly reliable and trustworthy trading platform, where you can trade safely and with a peaceful mind.
Awards & Acclamation
As previously mentioned, IQ Option is an award-winning platform. Its list of awards is long and astounding. Here are some of the most spectacular ones:
- 2017 Award of Excellence
This award is presented by The Academy of Interactive & Visual Arts and is one of the highest honors a platform can receive.
- Century International Quality Gold ERA Award
Due to the platform’s commitment to excellence and quality, as well as its impeccable customer support, it is awarded the Gold ERA award from the Business Initiative Directions Group.
- 2015 Best Binary Options Broker Europe
Global Banking and Finance Review awarded IQ Option for its amazing quality.
- Fastest Growing Binary Option Brand by Global Brands Magazine
- 2014 World’s Leading Binary Options Broker by MasterForex-V
- 2014 Best Trading Platform at the Forex Awards
As you can see, IQ Option boasts numerous acclamations; too many to list. In addition to the platform, the IQ Option’s mobile app has also claimed a number of awards, which are discussed in the App Overview.
Partnerships & Testament to Quality
Even though the platform has existed for a relatively short amount of time, it has made amazing progress. Since its launch in 2013, it managed to partner up with some of the most popular companies in the world.
One of the most notable partnerships is that with Aston Martin Racing. The partnership was announced on February 15th, 2016 and lasted the whole 2016 season.
The managing director of Aston Martin Racing, John Gaw, said in relation to this partnership: “We warmly welcome IQ Option to the Aston Martin Racing family and we particularly look forward to including them in our wider 2016 plans. While their branding will feature prominently on all AMR race cars throughout the season, there’ll be an exciting new IQ Option livery cloaking on of our entries later in the year.”
IQ Option’s partnership with AMR is proof of the platform’s strength, quality, and success. Its involvement in the universe of Formula 1 racing, as well as the broker’s connection to other affiliates, establishes IQ Option as a trustworthy and formidable platform.
Register for a free demo account with IQ Option Today!
In conclusion, IQ Option is a highly trustworthy trading platform. As a result, we recommend IQ Option for all aspiring traders.
As the platform is equipped with numerous educational materials, trading has never been easier. The first step in your successful trading career is opening your own demo account, which allows you to improve your trading skills at no cost.
Once you feel comfortable using the demo account, consider upgrading to a real account.
In the meantime, sign up for your free demo account and explore the world of IQ Option.
IQ Option in India
The platform has been experiencing a steady increase in users from India, and this is no surprise. IQ Option is highly accessible to many international clients, and users from India are no exception.
The broker offers its Indian users many benefits, including a 24/7 customer support, a high level of security, as well as various payment options. As the platform itself is highly user-friendly, Indian traders are fully prepared to indulge in the world of IQ Option.
Another reason why IQ Option works great for Indian users is due to the platform’s accessibility in the Hindi language. In other words, IQ Option removes the language barrier by providing a website that is fully translated in Hindi.
Is it legal?
Yes, IQ Option is legal in India. Regardless of its European qualification, this platform fully supports Hindu customers. In other words, IQ Option doesn’t restrict Indian traders from operating on the platform. At the moment, there are more than 500 different markets available for Indian traders on the platform.
Additionally, there is a 24/7 support system available for Indian traders. Traders can utilize the chat, email or phone support option to reach out to IQ options customer care representatives. As a result, any problem they might be facing will be fixed in no-time.
IQ Option in Hindi: website and customer support
IQ Option broker is available in a variety of languages, and Hindi is one of them. In an expansive bid to reach out to more clients in India, this broker set out to make it easier for locals to be able to trade and navigate through the platform.
As a result, the language barrier isn’t an issue with IQ Option, as it is fully optimized for native Hindi speakers. Not only is the website fully translated into Hindi, but also you can contact Hindi customer support to resolve any issues you might have. You can contact them at: +91 000 800 040 13 61.
Apart from Hindi, IQ Option operates in English, Spanish, German, Arabic, Chinese, Turkish, Korean, Portuguese, Norwegian, Thai, French, Urdu, and Italian.
How to use it?
As previously mentioned, IQ Option is fully optimized for Hindu users. As a result, users suffer no limitations compared to any other country.
Simply sign up for the platform, create an account and start trading. It is highly recommended for Indian traders to verify their accounts, especially if they are using a real account, and not a demo.
Once registered on the platform, Indian users can utilize all of IQ Option’s features with no limits. In other words, users gain access to all of the platform’s training materials, trading tools, as well as a highly responsive customer support system.
No matter if you are using the platform’s website, desktop or mobile app, all you need is a good internet connection and you are ready to begin your trading journey.
If you are an absolute beginner when it comes to trading, make sure to sign up for the free demo account to get the feel of trading on IQ Option, as well as use the training materials provided by the platform.
IQ Option Platform Overview
Currently, traders can trade more than 90 different assets and access a variety of stocks, market indices, currency pairs, and other commodities. Additionally, IQ Option is constantly adding more options for traders. The platform has an expansive market for products such as Oil, Silver, and Gold adding up the list of available digital trade asset lists.
If you are interested in binary trading, you are in luck! IQ Option offers its users the option of binary trading. Simply put, binary trading implies predicting the outcome of a certain instrument’s value in a specific time-frame.
However, the biggest difference between binary trading and regular trading lies in the fact that binary trading has only two outcomes – right or wrong. There is no “in-between”.
The turnaround time can vary due to numerous reasons. Generally speaking, the quickest turnaround times are around 60 seconds. However, you can predict for longer periods of time, including hours and even days.
Forex at IQ Option
At the moment, Forex trades on IQ options are available across five major currency duos. The platform offers a fixed risk investment for FX and is regulated by the EU. Additionally, FX trades have the same capabilities as binary options.
There is a potential of having more than a 2000% payout if the trader is capable of predicting whether or not there will be a high price change. Although FX trading is fixed to a $30 minimal stake, they can be traded anytime within the limit of its expiry date. This way, traders can choose to retain their stakes or trade it for less risky options.
Cryptocurrency and Bitcoin
Another unique thing about the IQ Option platform is its capacity to integrate digital currencies, both as a means of funding and as trade. More importantly, it embraces the developments in the fundamental resources and fully enhances them.
A good example is the Bitcoin x 100 ranges. These amplify value developments by multiple times, providing remarkable chances for traders to benefit from.
Tools and Indicators
Naturally, as you keep trading, you will notice a number of other tools available to aid you in your decision making. For example, there are 13 indicators available to help you identify various trends and patterns, leading to a profitable trade. Using them individually, or combining them will result in maximizing your profits.
- Average True Range (ATR) shows an asset’s volatility within your chosen time and influences the change rate of quotes
- Awesome Oscillator displays a ratio of two SMAs (Simple Moving Averages), one being fast and another one slow.
- Bollinger Bands show a range for price movement.
- Commodity Channel Index (CCI) measures the speed of price movements.
- Fractals show the minimum and maximum of price curves.
- The Moving Average Convergence Divergence/MACD, as the name suggests shows moving averages converge and diverge.
- Moving Averages (MAs) are subcategorized into Simple Moving Averages, Smooth Simple Moving Averages, Weighted Moving Averages, and Exponential Moving Averages. They are best used in addition to other indicators and can help you examine current trends.
- Parabolic SAR is similar to Moving Averages, and the position of it changes in relation to acceleration and price difference.
- Relative Strength Index (RSI) is an indicator that serves to help you predict a current trend’s strength.
- Volume Indicators provide you with valuable information regarding the amount of bought and sold assets of your choice.
- The Alligator Indicator is crucial for identifying emerging trends.
- The Stoch or Stochastic Oscillator indicators show a difference between the current price and the price from a specific period in the past. As a result, this indicator helps you determine potential reversal points.
Explore these indicators and you will notice an improvement in your portfolio in no time.
In addition to over a dozen indication tools, the IQ Option platform also offers various charting tools. Naturally, no user would be able to successfully trade on any platform without the aid of charts.
IQ Option allows users to utilize different charting tools to accurately predict a trend. Specifically, the platform offers the following types of charts:
Candle charts are the most frequently used on IQ Option. In fact, most professional traders tend to use candle charts, as they provide more information than other charts. Looking at a candle chart may seem confusing at first. However, once you realize how they work, you will be able to acquire extensive technical information.
Unlike Line charts, candles do not display a moment in time. Rather, they are indicators of the price’s range in a specific period of time. As a result, each candle has an opening price, closing price, as well as high and low prices.
The candle’s color depends on the asset’s performance. If the asset’s closing price exceeds its opening price, the color of the candle will turn green. On the other hand, if the closing price is lower than the opening price, the color will turn red.
Candle charts are best used for experienced traders.
Line charts (or Linear charts) represent the simplest way to display data on the platform. The linear chart is best used by beginners, as it falls behind its more advanced counterparts, such as Candle charts.
Line charts are quite easy to understand: as the prices move up and down, the trend line follows. Additionally, they are best used for short-term trading.
You may notice that bar charts look sort of similar to candle charts. While there is a slight visual difference, they work exactly the same way, ie. If the price goes down over a period of one “bar”, the color turns red. Additionally, if the price goes up over the same period, the bars turn green.
Due to its similarity to a candle chart, a bar chart is also recommended for users who have previous experience in trading.
The Heikin-Ashi chart helps traders spot current trends. As a result, it is considered a trend-following indicator.
It is a much smoother version of a candle chart. On top of that, it provides extensive opportunities for technical analysis.
The Heikin-Ashi is best used for long-term time frames. Due to its complexity, this type of chart is recommended is not recommended for new users on the platform.
As previously mentioned, the platform is highly customizable, and choosing your favorite charting tool is just one of the ways you can make IQ Option perfect for your level of expertise.
Different Order Types Provided by IQ Option
A platform of IQ Option’s excellence can not exist without a range of order types. Order types are created to allow traders to reduce the risks of potentially bad trades, as well as improve the trading experience as a whole.
In order to reduce the aforementioned risks, the platform offers “Stop Loss” and “Take Profit” orders. Stop Loss allows the users to set the maximum amount of assets they are willing to lose. On the other hand, Take Profit means that the platform will automatically close a trade once it reaches the profit you set. Both Stop Loss and Take Profit can be set in many variables, including percentages, numerous losses, or asset prices.
In addition, IQ Option offers multiplier orders, which allow you to increase the return on investment. However, unlike Stop Loss and Take Profit orders, multiplier orders come with an increased risk. As a result, it is not recommended for beginner traders.
On top of that, the platform is equipped with a possibility of a pre-order purchase. Basically, this means that you can choose at which price point you want to enter the market. Once the specific asset reaches that point, IQ Option will automatically execute the order.
It wouldn’t be wrong to say that IQ Option does not only function as a trading platform, but also as a platform for self-education. IQ Option offers a training system for all beginners to trading.
The education materials cover all important aspects of trading on IQ Option, from teaching you how to build your own trading scheme, to explaining how to effectively use all the available tools for a successful trade.
Remember, education is as important as experience. Being knowledgeable about the subject matter is highly important for your trading career. Make sure to utilize the training videos IQ Option provides and start trading with confidence.
Strategy – How to use IQ Option?
Luckily, IQ Option is highly appreciative of its user’s independence. Due to the numerous education materials provided by the platform, as well as the many tools available, creating your own strategy has never been easier.
There are many popular trading strategies that you can build on. For example, most professional traders use the “day-trading” strategy, which means buying and selling assets on the same day, instead of investing long-term. For beginners, maybe the “social trading” strategy works the best. Social trading implies following a more experienced trader and copying their choices and activities.
Another great strategy to read about is the “trading the news”. This strategy is highly important for serious traders, as it implies being knowledgeable about the current events and making predictions based on that. This is a great technique that takes a lot of time to be learned, but is very much worth it.
However, there are some things to keep in mind when diving into the waters of trading with real funds. First of all, you need to be considerate of the amount of money you wish to deposit and invest. As the old saying goes: “Never put all of your eggs in one basket”. Simply put, do not invest any money you can’t afford to lose.
Secondly, knowledge is power. While trading can be a fun and lucrative way to spend your time, it is in your best interest to take it seriously. As a result, you need to educate yourself on the relevant trading topics, as well as take the time to fully understand the platform.
Lastly, it’s important to keep yourself in reality. There are many stories of people who became millionaires by investing a small amount of funds, however, those people are far and few in-between. It is a bad idea to start trading and expect riches over night. Be realistic about your profits, and focus on making good choices, one trade at a time.
Not sure where to get the knowledge needed for a successful trade? We got you covered!
Our trading university provides everything you need to know about trading at IQ Option. From how to use the tools provided by the platform, to creating successful strategies for your personal goals. Begin your trading career today at trading university!
IQ Option Mobile App
Rather than limiting to the web-based trading terminal, IQ Options extends its services to mobile handling, giving room for traders to monitor their trades from anywhere they please. The mobile app for this broker is uniquely made for smartphones and different gadgets, like tablets.
The app, which can be easily found on the Playstore, boasts an impressive number of 10M+ downloads. In addition, it has over 405 thousand reviews, with reviewers giving it an average rating of 4 out of 5 stars. As a result, the app is regularly monitored and maintained, in order to keep up with the great ratings.
Furthermore, the app features real-time notifications, which make it easier for users to control their deals. Pair this with the app’s sleek, sophisticated design and easy-to-navigate interface and you get one of the best trading apps on the market.
The fact that the app has won numerous awards, including the Best Mobile Trading Platform at the IFM awards in 2015, the Rising Star award from the Mobile Star Awards, the Best Technology Application in 2016, should be a testament to the app’s quality. The IQ Option mobile application has been praised for its design and effectiveness.
Whether you are on the move or just lounging in your bed, technology has made trading more accessible than ever. Consequently, you have a mini-computer sitting right in your pocket. Why not put it to good use?
The IQ Option mobile app is fully optimized for on-the-go trading. Due to its design and interface, traders of all levels will find the app simple to use and navigate. As a result, we encourage users to download the app and test all of the features it has to offer themselves.
Once downloaded, the app is available for use 24/7. Consequently, you aren’t time-limited in any way, nor are you chained to a single location.
Download the app today and immerse yourself in the world of online trading!
IQ Option Account Types
IQ Option understands how valuable money is, especially to new users. As a result, the broker introduced three different types of accounts. These accounts are made for traders of various experiences and, as a result, the user can make a choice and set up their own trading priorities.
$10.000 Demo Account with Unlimited Refills
As the name implies, this account is a completely free account to help new users test the platform and trading options. New traders are given a total of $1000 to begin trading and measure up how well they do. However, keep in mind that the figures are not real and cannot be withdrawn after a successful trade.
Additionally, traders using the demo account are not, in any way, obligated to make a deposit. Look at the demo account as training for the real account. If you, for any reason, want to deactivate the account – you can do so any time you want.
The demo account is perfect for new users to get used to the platform, as well as people who have no previous trading experience. Once you find yourself comfortable trading on the demo account, you can switch to the real one.
Real Account for Experienced Traders
This is where traders experience real-life trading. They are able to explore the different assets available, make deposit payments and withdrawals. There are many ways you can withdraw money from IQ Option, which we will discuss later.
A real account is for experienced traders who are used to using the platform and know their way around the stock market.
VIP Account for Those Who Want to Stand Out
At this point, you’re a recognized and reputable member of the IQ Option community. VIP traders are eligible to enjoy many advantages that other members can’t, such as better profitability.
Additionally, they are assigned a personal manager, who inspects and monitors what is going on in the account. On top of that, VIP members are also eligible to participate in high-ranking tournaments on the platform.
To enjoy the benefit of being a VIP member, you have to make a deposit of at least $3000. As a result, we only recommend VIP accounts for highly experienced traders.
How to open an account?
Let’s talk about the sign-up and login option for this platform.
As a registered and regular trader, it is normal that you log in to your IQ Option platform before you start trading. However, in the off chance that you don’t have an account with this broker yet, you won’t be able to access any of the features this platform has to offer.
If that’s the case, you have to register/sign up for a new account. Fortunately, signing up for IQ Option doesn’t cost a thing. All you need is an easily accessible and functional email address and password.
You can choose to open a demo account or a real account. However, keep in mind that you are not under any obligation to deposit into the account immediately after you register. You can do that whenever you feel comfortable with the platform.
A Step-by-step Guide to Sign up/ Log in to IQ Option
Step 1 –
Getting started on the IQ Option platform requires that you sign up and create an account on the platform. Don’t panic, the registration is completely free. To begin, navigate straight to the platform’s official website www.iqoption.com. Once there, tap on the “Register” tab situated at the right-hand corner of the page.
Step 2: Completing the Registration Form
Once you have clicked on the Register tab on the webpage, you’ll get a dropdown form, where you have to enter your correct details which include your name, email and login passcode. At this point, you’d have to read through the platform’s terms and conditions. Finally, choose your account type: either Demo or Real Account.
Step 3: Activating your account.
Before you can fully access your account or log in to it, you’d have to activate it. An activation link would be sent to the inbox on the email that you included on the registration form.
Step 4: Log in to your account.
Now, you have an active IQ Option Account. But then, you need to access through to your dashboard page and you need to provide details to get into it. Simply input your email address and password as included in the steps above.
IQ Option Deposit and Withdrawal Options
IQ Option offers various banking options to allow traders to make deposits and withdrawals with ease.
Quick and Simple Deposits
IQ Options broker platform offers a secure, rapid method to enable traders to deposit funds into their account to run real-time trading. With a minimum deposit of $10, users can run through any amount of trading transactions starting from $1 and above.
Unfortunately, Indian traders might not be able to deposit money using various alternatives that IQ Option provides. This is due to the country’s government restrictions on options trading. Hence, they can only explore one option and that is via the E-wallet or Digital wallet means.
How to fund IQ options via E-Wallet/ Digital Wallet
Renowned for buying and selling online, IQ Option has integrated this option to foster a convenient and easy transaction.
Although it shares the same input as a credit or debit card option, the major difference here is that it runs on a prepaid or electronic system of carding, as opposed to physical cards. Just like the credit or debit card, funding with this option reflects on your account extremely quickly.
Additionally, funding by eWallet includes no extra charges.
Other ways you may want to deposit money into your account can be via debit/credit card or wire transfer. However, as previously mentioned, Indian users may experience issues trying to do this. As a result, transferring money by using the e-Wallet may be your best option.
Available e-Wallets run by IQ Option:
Skrill. A very popular provider of universal payment with more than 40 currencies, Skrill has developed into a preferred digital wallet for many. The payment method is as swift as it can be, with a high level of security to ensure your details are safe.
Neteller. Another leading e-wallet available on IQ Option, this financial service streamlines online payment and transfers very quickly. More importantly, you can withdraw directly from your bank account and access ATMs globally.
WebMoney. With this digital currency, traders can deposit, withdraw or top-up funds anywhere, at any time.
The latest inclusion to IQ Option for making deposits is Bitcoins. At the moment, Bitcoin ranks as the most popular digital currency in the form of cryptocurrency. As such, many traders love to invest in it.
To create an expansive base, IQ Option integrated a system to allow bitcoin as a means to trade on the platform.
How to top-up your balance via Bitcoin:
To deposit funds via Bitcoin, the process is fairly simple. First, navigate to the Deposit tab and select how much you want to deposit. Here you’ll see a drop-down of available means of payment. From there, click on “Bitcoin.”
After that, navigate to the “Proceed to Payment” option and forward it to the Cubit (the processing provider) payment page. Confirm that the amount in the invoice is equivalent to the BTC. You have to make the confirmation as quickly as you can before the whole invoice expires, which gives you about 15 minutes to finish the whole process. Once your payment is verified, your account balance will be credited immediately.
Of course, the primary aim of traders on any platform is to earn profits from their trades. When this is achieved, the next option is to make withdrawals. To rectify some bothering questions about withdrawals, we’ve taken the time to talk about withdrawals and deal with any complications Indian traders might encounter.
- How to withdraw on IQ options?
For Indian traders, the option of withdrawals is only available to e-wallets/ digital wallets owing to the restriction of bank cards on options trading. Nevertheless, you don’t have to worry much since you’d be getting your money anyways.
The lowest amount allowed for withdrawal to e-wallets is $2. Meanwhile, traders can make up to $1,000,000 withdrawals daily. Also, there is no limit to the number of withdrawals that can be initiated per day.
The withdrawal request often takes about 1-3 business days to completely process. However, it might take more than the requested time depending on the service payment provider.
Final conclusion: 97/100 – Recommended
Basically, IQ Options works as an amazingly dependable internet trading platform for both new and experienced traders to trade global markets. Their unique capacities and instruments improve the user experience. Additionally, IQ Option readily assists its clients with spotting patterns and recognizing trading markets.
- Free demo account
- Regulated by CYSEC agency
- Impeccable desktop and mobile apps
- Wide variety of trading tools
- Incorporated training resources
In case you’re searching for a reliable and adaptable trading broker to deal with your finances, use IQ Options and their quality services to make the best out of your trading career. If you still have any doubts about the platform, go ahead and sign up for the demo account, or download the desktop/mobile app and try IQ Option yourself.